Chinese Firm to Establish EV Plant in Pakistan

A Chinese electric car manufacturing company has announced the establishment of an electric vehicle (EV) plant in Pakistan and a chain of showrooms in major cities of the country.

This announcement was made by a delegation of Xinjian Jingyi Cheng Group, led by its assistant chairman GU Xongquan, during a meeting with FPCCI Vice President Amin Ullah Baig in Islamabad. Mr Baig, who is also chairman of the FPCCI Capital Office, held an extensive discussion with the Chinese firm’s team on the investment landscape of Pakistan.

Related: Premier Motors Shelves Plans to Launch Volkswagen & Skoda Vehicles in Pakistan

According to Mr. GU, the company’s long-term business plan calls for entering the Pakistani market and establishing a manufacturing facility and showrooms.

According to Mr. GU, automobiles are the primary mode of transportation in Pakistan, and as a result of the sharp rise in petrol prices brought on by the rising price of crude oil globally, consumers must immediately switch to alternative energy sources. “In the long run, electric cars save much more fuel cost than petrol-run vehicles,” he said, adding that XinjianJingyi Cheng Group emphasizes the innovation and development of automobiles with modern technology and integration of resources.

XinjianJingyi Cheng Group is engaged in five industries — electromechanical and hydraulic, light power, vehicle, international trade, and production and service.

Related: Pak-China Automobile Brand to Display its First EV in Islamabad

Mr. Baig urged the delegation from the Chinese company to move forward with their mutually beneficial investment plans. He pointed out that Chinese automakers with operations in Pakistan are well-liked by the general public and that China is at the forefront of the creation of vital technologies for electric vehicles.

Source: Dawn

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